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Australian Banks

  • $50 Million Penalties Loom for Companies Allowing Scams Under Proposed Australian Law
    $50 Million Penalties Loom for Companies Allowing Scams Under Proposed Australian Law
    A proposed new code aims to stop Australians losing almost $3 billion to scammers as they did last year.
    September 13, 2024BY Rex Widerstrom
  • Most Populous Australian States Struggling Compared to Smaller Regions: CEO
    Most Populous Australian States Struggling Compared to Smaller Regions: CEO
    NAB's CEO says WA, QLD, and NT see strong growth, but an economic divide persists.
    August 30, 2024BY Naziya Alvi Rahman
  • Australian Lenders Failing to Assist Struggling Customers: ASIC
    Australian Lenders Failing to Assist Struggling Customers: ASIC
    Despite being required by law to have processes to assist customer who are in debt, banks have made ...
    May 19, 2024BY Rex Widerstrom
  • Banks Not Paying Customers Enough Interest: ACCC
    Banks Not Paying Customers Enough Interest: ACCC
    The ACCC has found that in the first six months of 2023, on average 71 percent of eligible ...
    December 17, 2023BY Rex Widerstrom
  • Savers Miss out as Australian Banks Exploit ‘Consumer Inertia’
    Savers Miss out as Australian Banks Exploit ‘Consumer Inertia’
    Switching bank accounts and updating payment details is an inconvenience the consumer watchdog wants streamlined to stoke competition ...
    December 15, 2023BY AAP
  • Banks Declare War on Scams With Warnings for New Payees
    Banks Declare War on Scams With Warnings for New Payees
    Australian banks will warn customers to exercise caution before transferring money to someone new in an industry-wide crackdown ...
    November 24, 2023BY AAP
  • Major Bank Backs National Digital ID ‘For All Australians’
    Major Bank Backs National Digital ID ‘For All Australians’
    National Australia Bank believes industry and community-led digital ID will complement and extend the reach of government digital ...
    November 13, 2023BY Monica O’Shea
  • Inquiry into Regional Bank Closure Reveals Shocking Shortfalls in Decision Making
    Inquiry into Regional Bank Closure Reveals Shocking Shortfalls in Decision Making
    A senate inquiry into bank closures in regional Australia has revealed shortfalls in banks’ decision-making leading to the ...
    May 24, 2023BY Sophia Jiang
  • Australian Banks Launch New Platform to Help Halt Fraudulent Payments
    Australian Banks Launch New Platform to Help Halt Fraudulent Payments
    Australian banks launched a new digital platform on May 16 to help stop customers from losing money to ...
    May 17, 2023BY Sophia Jiang
  • Major Australian Bank Starts Cutting Cash Services At Branches
    Major Australian Bank Starts Cutting Cash Services At Branches
    One major Australian bank has begun phasing out cash transactions at a number of its branches saying it ...
    April 7, 2023BY Lis Wang
  • ‘Fast Path to Extreme Financial Hardship’: Consumer Groups Call for Buy Now, Pay Later Regulation
    ‘Fast Path to Extreme Financial Hardship’: Consumer Groups Call for Buy Now, Pay Later Regulation
    A group of international consumer groups across 10 countries, including Australia, New Zealand, and the United States, are ...
    March 16, 2022BY Rebecca Zhu
  • More Help Arrives For Flood-stricken Areas in Australia
    More Help Arrives For Flood-stricken Areas in Australia
    Insurance assessors, communication technicians and banking staff have arrived in flood-impacted areas of Queensland and New South Wales ...
    March 14, 2022BY Alfred Bui
  • Australian Banking Taskforce to Assess Impact of Bank Branch Closures in Regional Areas
    Australian Banking Taskforce to Assess Impact of Bank Branch Closures in Regional Areas
    A government taskforce involving the big four banks, peak bodies, and Australia Post will examine the impact of ...
    October 22, 2021BY Rebecca Zhu
  • World’s Biggest Coal Export Port Loses Funding Over Climate Change
    World’s Biggest Coal Export Port Loses Funding Over Climate Change
    ANZ will no longer fund the world’s biggest coal export port at Newcastle on the back of the ...
    February 9, 2021BY Rebecca Zhu
  • Australian Government Flags Eased Rules for Borrowers
    Australian Government Flags Eased Rules for Borrowers
    Relaxed rules around property loans are expected to help thousands of Australians get into their first home sooner. ...
    September 25, 2020BY AAP
  • Westpac to Pay Australia’s Largest Fine for Breaching Laws That Stop Terrorism, Child Exploitation
    Westpac to Pay Australia’s Largest Fine for Breaching Laws That Stop Terrorism, Child Exploitation
    Westpac has agreed to pay $1.3 billion, the largest fine in Australian corporate history, to settle a case ...
    September 23, 2020BY Daniel Y. Teng
  • Australian Banks Will Feel Virus Heat Next Year: ANZ Chief
    Australian Banks Will Feel Virus Heat Next Year: ANZ Chief
    ANZ's chief expects banks to feel the worst of the COVID-19 pandemic in the middle of next year. ...
    September 3, 2020BY AAP
  • Australian Banks to Extend Home Loan Deferral to Customers in Need
    Australian Banks to Extend Home Loan Deferral to Customers in Need
    The Australian Banking Association (ABA) announced on July 8 a second wave of financial support to help customers cope ...
    July 9, 2020BY Sophia Jiang
  • Australian Banks Promise to Help Customers: Treasurer
    Australian Banks Promise to Help Customers: Treasurer
    Australia's major banks have assured the Morrison government they will continue supporting customers affected by the COVID-19 pandemic. ...
    June 27, 2020BY AAP
  • Australian Banks Urged to Continue Supporting Households and Businesses as Relief Measures Are Reviewed
    Australian Banks Urged to Continue Supporting Households and Businesses as Relief Measures Are Reviewed
    Australia’s top financial regulators have urged banks to tap into their capital buffers to continue supporting households and ...
    June 25, 2020BY Sophia Jiang
TOP NEWS
  • Trump on Iran Conflict: Troops Staying Until ‘We Have a Completion’
    2hr By T.J. Muscaro
    Trump on Iran Conflict: Troops Staying Until ‘We Have a Completion’
  • Iran Launches First Missiles at Israel Since Ceasefire Agreement
    3hr By Jacki Thrapp
    Iran Launches First Missiles at Israel Since Ceasefire Agreement
  • Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
    4hr By Jack Phillips
    Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
  • Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
    4hr By Savannah Hulsey Pointer
    Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
  • US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
    6hr By Jacki Thrapp
    US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
  • US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
    7hr By Jacki Thrapp
    US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
  • Fascia: The Living, Interconnected Web Behind Movement and Healing—How to Enhance Its Function
    7hr By Mercura Wang
    Fascia: The Living, Interconnected Web Behind Movement and Healing—How to Enhance Its Function
  • Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
    11hr By Lawrence Wilson
    Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
  • US Bankruptcy Filings Increase 7 Percent Yearly
    12hr By Naveen Athrappully
    US Bankruptcy Filings Increase 7 Percent Yearly
  • Treasury Department Seeks to Redirect Iranian Assets to Gulf Nations for War Damages
    18hr By Melanie Sun
    Treasury Department Seeks to Redirect Iranian Assets to Gulf Nations for War Damages
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